Vanguard U.S. Momentum Factor ETF
ALTAR
Score™
1.4% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
62.6x P/Sales
ratio
2.3x
P/BV
ratio
6.6x Div.
yield
0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fund seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard
Website www.vangaurd.com
Inception date Feb 13, 2018
Assets (mns) $80
Currency USD
Expense ratio 13 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 719
Wgt avg mkt cap (mns) $97,952
Large cap (>$10bn) 54.0%
Mid cap ($2-10bn) 25.0%
Small cap (<$2bn) 18.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
TESLA MOTORS INC 1.7 %
APPLE INC 1.2 %
NVIDIA CORP 1.1 %
DEERE & CO 1.1 %
SQUARE, INC. CLASS A 1.0 %
ADVANCED MICRO DEVICES 1.0 %
PAYPAL HOLDINGS INC 1.0 %
ZOOM VIDEO COMMUNICATIONS, INC. CL 0.9 %
SERVICENOW INC 0.8 %
VEEVA SYSTEMS INC-CLASS A 0.8 %
Total 10.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.2 %
IRELAND 1.1 %
LUXEMBOURG 0.9 %
BERMUDA 0.4 %
BRITAIN 0.4 %
CANADA 0.3 %
ARGENTINA 0.2 %
GERMANY 0.1 %
BRAZIL 0.1 %
PUERTO RICO 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
31.3% 31.3% -- -- 15.3%

Market Correlations
versus... Beta R-squared
S&P500 1.10 88%
MSCI EAFE 1.03 75%
MSCI Emg. Mkts. 0.82 60%

Technical Indicators
Recent close $123.47
30d moving avg. $115.96
Annualized volatility 22.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.8%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $190,013

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Vanguard U.S. Momentum Factor ETF ETF based on the alternatives' overlap in portfolio holdings with VFMO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VFMO Expense: 13 bp ALTAR Score™: 1.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VFMO
Ticker Fund
Name
Overlap1
vs VFMO
(%)
Expense
ratio
(bp)
Savings
vs VFMO
(bp)
ALTAR
Score™
(%)
ALTAR
vs VFMO
(%)
FAD First Trust Multi Cap Growth AlphaDEX Fund 45.2 66 -53 1.8 +0.4
JMOM JPMorgan U.S. Momentum Factor ETF 39.7 12 1 3.0 +1.6
ESGV Vanguard ESG U.S. Stock ETF 34.9 12 1 4.5 +3.1
MTUM iShares MSCI USA Momentum Factor ETF 33.2 15 -2 2.2 +0.9
VXF Vanguard Extended Market Index Fund 32.6 6 7 2.5 +1.1
TUSA First Trust Total US Market AlphaDEX ETF 32.4 70 -57 4.8 +3.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 30.9 29 -16 7.3 +5.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 30.8 30 -17 5.2 +3.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 29.8 12 1 4.0 +2.6
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 29.6 39 -26 3.9 +2.5
FTC First Trust Large Cap Growth AlphaDEX Fund 29.5 61 -48 2.2 +0.8
VFMF Vanguard U.S. Multifactor ETF 29.3 19 -6 6.1 +4.8
VTWO Vanguard Russell 2000 Index Fund 29.3 10 3 2.6 +1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 29.1 75 -62 2.0 +0.6
VTHR Vanguard Russell 3000 Index Fund 28.7 10 3 4.4 +3.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 28.4 30 -17 5.0 +3.7
FDMO Fidelity Momentum Factor ETF 28.1 29 -16 2.4 +1.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 28.0 6 7 4.0 +2.7
IWV iShares Russell 3000 ETF 27.9 20 -7 4.3 +2.9
AVUS Avantis U.S. Equity ETF 27.9 15 -2 4.8 +3.5
SCHB Schwab U.S. Broad Market ETF 27.8 3 10 4.4 +3.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 27.8 3 10 4.4 +3.0
IUSG iShares Core S&P US Growth ETF 27.3 4 9 3.6 +2.3
SCHA Schwab U.S. Small-Cap ETF 27.3 4 9 3.6 +2.2
VTI Vanguard Total Stock Market Index Fund 27.2 3 10 4.4 +3.0
IWF iShares Russell 1000 Growth ETF 27.1 19 -6 3.4 +2.0
IWM iShares Russell 2000 ETF 27.1 19 -6 2.5 +1.1
VFQY Vanguard U.S. Quality Factor ETF 27.0 13 0 5.3 +3.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 27.0 17 -4 4.0 +2.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 26.7 25 -12 4.9 +3.5
VONG Vanguard Russell 1000 Growth Index Fund 26.6 8 5 3.5 +2.2
VB Vanguard Small-Cap ETF 26.5 5 8 4.4 +3.0
IYY iShares Dow Jones U.S. ETF 26.3 20 -7 4.4 +3.0
IWB iShares Russell 1000 ETF 26.2 15 -2 4.4 +3.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.0 9 4 4.8 +3.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 25.9 21 -8 2.8 +1.5
DFAU Dimensional US Core Equity Market ETF 25.9 12 1 4.7 +3.3
SCHK Schwab 1000 Index ETF 25.8 5 8 4.6 +3.2
SCHX Schwab U.S. Large-Cap ETF 25.7 3 10 4.5 +3.2
JHML John Hancock Multifactor Large Cap ETF 25.7 29 -16 4.8 +3.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 25.6 20 -7 3.8 +2.4
FEX First Trust Large Cap Core AlphaDEX Fund 25.5 60 -47 4.7 +3.3
VTWG Vanguard Russell 2000 Growth Index Fund 25.3 15 -2 0.1 -1.3
IWO iShares Russell 2000 Growth ETF 25.3 24 -11 -0.1 -1.5
PBUS Invesco PureBeta MSCI USA ETF 25.2 4 9 4.6 +3.2
SFY SoFi Select 500 ETF 25.1 0 13 4.6 +3.2
VOOG Vanguard S&P 500 Growth ETF 25.1 10 3 3.9 +2.5
QGRO American Century STOXX U.S. Quality Growth ETF 25.0 29 -16 3.7 +2.3
VONE Vanguard Russell 1000 ETF 24.8 8 5 4.5 +3.2
SPYG SPDR Portfolio S&P 500 Growth ETF 24.7 4 9 3.6 +2.3
IVW iShares S&P 500 Growth ETF 24.7 18 -5 3.5 +2.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 24.6 9 4 5.0 +3.6
SCHG Schwab U.S. Large-Cap Growth ETF 24.5 4 9 3.1 +1.8
VUG Vanguard Growth Index Fund 24.5 4 9 3.5 +2.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 24.4 35 -22 5.1 +3.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.3 2 11 4.6 +3.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 24.3 7 6 4.5 +3.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 24.2 35 -22 5.0 +3.7
VV Vanguard Large-Cap Index Fund 24.2 4 9 4.6 +3.2
VEGN US Vegan Climate ETF 24.0 60 -47 3.9 +2.6
SPTM SPDR Portfolio Total Stock Market ETF 24.0 3 10 4.8 +3.4
EUSA iShares MSCI USA Equal Weighted ETF 23.9 15 -2 5.1 +3.8
RESP WisdomTree US ESG Fund of Benef Interest 23.6 28 -15 5.0 +3.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 23.5 60 -47 3.6 +2.2
SIZE iShares MSCI USA Size Factor ETF 23.5 15 -2 5.1 +3.8
ONEO SPDR Russell 1000 Momentum Focus ETF 23.3 20 -7 5.6 +4.2
VBK Vanguard Small-Cap Growth Index Fund 23.1 7 6 1.9 +0.5
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 23.0 50 -37 3.3 +1.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 22.9 24 -11 4.9 +3.5
ESGU iShares MSCI USA ESG Optimized ETF 22.9 15 -2 4.4 +3.0
AFLG First Trust Active Factor Large Cap ETF 22.7 55 -42 4.6 +3.3
PDP Invesco DWA Momentum ETF 22.7 62 -49 1.8 +0.5
IWR iShares Russell Midcap ETF 22.6 19 -6 4.7 +3.3
PBP Invesco S&P 500 BuyWrite ETF 22.5 49 -36 4.3 +2.9
IQSU IQ Candriam ESG US Equity ETF 22.4 9 4 4.5 +3.1
XYLG Global X S&P 500 Covered Call & Growth ETF 22.2 60 -47 4.4 +3.0
BFOR Barron's 400 ETF 22.1 65 -52 5.6 +4.2
USXF iShares ESG Advanced MSCI USA ETF 22.1 10 3 4.5 +3.2
SPY SPDR S&P 500 ETF Trust 22.1 9 4 4.7 +3.3
IVV iShares Core S&P 500 ETF 22.1 3 10 4.7 +3.4
SPLG SPDR Portfolio Large Cap ETF 22.1 3 10 4.7 +3.4
SPXE ProShares S&P 500 Ex-Energy ETF 22.1 27 -14 4.6 +3.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 22.1 39 -26 3.4 +2.1
IETC iShares Evolved U.S. Technology ETF 21.9 18 -5 3.4 +2.1
IWP iShares Russell Mid-Cap Growth ETF 21.9 24 -11 2.6 +1.3
VOO VANGUARD S&P 500 ETF 21.8 3 10 4.8 +3.4
IGM iShares Expanded Tech Sector ETF 21.8 46 -33 3.3 +1.9
BKLC BNY Mellon US Large Cap Core Equity ETF 21.7 0 13 4.4 +3.1
SPXN ProShares S&P 500 Ex-Financials ETF 21.5 27 -14 4.3 +3.0
STSB iShares Factors US Small Blend Style ETF 21.3 35 -22 2.9 +1.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 21.3 15 -2 4.6 +3.3
JOET Virtus Terranova US Quality Momentum ETF 21.2 29 -16 4.6 +3.2
SPXV ProShares S&P 500 Ex-Health Care ETF 21.1 27 -14 4.3 +2.9
JHMM John Hancock Multifactor Mid Cap ETF 21.1 42 -29 4.7 +3.3
XVV iShares ESG Screened S&P 500 ETF 20.9 8 5 4.9 +3.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 20.8 20 -7 4.8 +3.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 20.8 17 -4 5.6 +4.3
IUSS Invesco Strategic US Small Company ETF 20.7 23 -10 3.6 +2.3
MGC Vanguard Mega Cap Index Fund 20.6 7 6 4.6 +3.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Vanguard U.S. Momentum Factor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.7 %
Divided by: Fwd. P/BV 5.8 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 1.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.